HKR International Limited Issues Profit Warning with Expected Loss of HK$786 Million for FY2025 Due to Decline in Property Sales and Increased Fair Value Losses
Reuters
Jun 11
HKR International Limited Issues Profit Warning with Expected Loss of HK$786 Million for FY2025 Due to Decline in Property Sales and Increased Fair Value Losses
HKR International Limited has issued a profit warning, indicating that the company expects to report a significant increase in losses for the fiscal year ending 31 March 2025 (FY2025). The anticipated loss attributable to shareholders is approximately HK$786 million, compared to a loss of HK$468 million for the previous fiscal year. This increase in losses is attributed primarily to a decline in revenue and profit from property sales, as property development projects are not scheduled for completion until after FY2025. Additionally, there has been a substantial rise in fair value losses on investment properties, exacerbated by unfavorable conditions in the real estate market. The group's full financial results for FY2025 will be disclosed in their annual results announcement, scheduled for release on 18 June 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
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